Excel Development Bank Appoints Issue Manager for 30% Rights Offering
Mon, Apr 12, 2021 11:02 AM on Latest, Dividend, Bonus & Rights,
Excel Development Bank Limited (EDBL) has appointed the issue manager for its rights offering.
The 14th AGM of the company held on Ashad 14, 2077 endorsed a 10: 3 rights offering. Thus, 24,33,363.6742 units will be issued to shareholders at a rate of Rs. 100 per unit. This offering will raise a capital of Rs. 24,33,36,367.42 for the company.
NIBL Ace Capital has been appointed the issue manager for the development bank's rights offering. The date of the issue and other specifics has not been declared yet.
